Firsttrust Home Loans Mortgage Rates, Fees & Info
Sheridan, ARLEI: 2549007JQKHU8KQ0FC19
Tax ID: 84-1628152
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Mortgage Data
Review & Overview
Firsttrust Home Loans is a smaller mortgage company specializing in Home Purchase loans. Firsttrust Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Little Rock, Shreveport, Searcy, Camden, and Jonesboro among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)Firsttrust Home Loans has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Firsttrust Home Loans is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.86% | 12/16/24 |
| 30 Year Conventional Refi | 6.72% | 12/16/24 |
| 30 Year Cash-out Refi | 6.91% | 12/16/24 |
| 30 Year FHA Purchase | 7.59% | 12/16/24 |
| 30 Year FHA Refi | 7.41% | 12/16/24 |
| 30 Year VA Purchase | 6.65% | 12/16/24 |
| 30 Year VA Refi | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 7.11% | 12/16/24 |
| 30 Year USDA Refi | 6.77% | 12/16/24 |
| 15 Year Conventional Purchase | 6.31% | 12/16/24 |
| 15 Year Conventional Refi | 6.25% | 12/16/24 |
| 15 Year Cash-out Refi | 6.25% | 12/16/24 |
| 15 Year FHA Purchase | 5.68% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Firsttrust Home Loans Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
841Origination Dollar Volume (All Markets)
$128,675,000Awards
FirstTrust Home Loans - 2018
FirstTrust Home Loans is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 263 | $35,505,000 | $135,000 | $3,874 | 4.96% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 212 | $34,570,000 | $163,066 | $4,654 | 4.84% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 87 | $16,515,000 | $189,828 | $4,793 | 4.91% |
| Searcy, AR (FHA|USDA|VA) | 29 | $5,445,000 | $187,759 | $4,723 | 4.43% |
| Camden, AR (FHA|USDA|VA) | 39 | $4,165,000 | $106,795 | $4,619 | 4.94% |
| JONESBORO, AR (FHA|USDA|VA) | 20 | $3,730,000 | $186,500 | $3,408 | 4.69% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 16 | $3,300,000 | $206,250 | $5,079 | 5.05% |
| Miami, OK (FHA|USDA|VA) | 25 | $2,965,000 | $118,600 | $3,931 | 4.99% |
| PINE BLUFF, AR (FHA|USDA|VA) | 17 | $2,155,000 | $126,765 | $3,662 | 4.95% |
| JOPLIN, MO (FHA|USDA|VA) | 15 | $2,035,000 | $135,667 | $4,922 | 4.77% |
| Forrest City, AR (FHA|USDA|VA) | 17 | $1,935,000 | $113,824 | $2,949 | 5.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 11 | $1,925,000 | $175,000 | $2,749 | 4.69% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 10 | $1,670,000 | $167,000 | $3,910 | 4.84% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $5,143 | 4.78% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 8 | $1,420,000 | $177,500 | $3,357 | 4.84% |
| Mountain Home, AR (FHA|USDA|VA) | 11 | $1,395,000 | $126,818 | $2,487 | 4.76% |
| El Dorado, AR (FHA|USDA|VA) | 7 | $1,395,000 | $199,286 | $4,643 | 4.66% |
| Minden, LA (FHA|USDA|VA) | 7 | $785,000 | $112,143 | $4,246 | 4.88% |
| Batesville, AR (FHA|USDA|VA) | 8 | $670,000 | $83,750 | $3,172 | 4.95% |
| GADSDEN, AL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $4,459 | 4.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,733 | 4.79% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $3,541 | 4.96% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $2,701 | 4.96% |
| Hope, AR (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $5,013 | 4.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,013 | 5.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $2,413 | 5.54% |
| Brenham, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,545 | 5.13% |
| Malvern, AR (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $4,504 | 4.92% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,435 | 4.75% |
| Magnolia, AR (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,131 | 5.00% |
| Paragould, AR (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,388 | 4.81% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,754 | 5.00% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,370 | 5.63% |
| Albertville, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,472 | 5.00% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.88% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,745 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against FirstTrust Home Loans based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Firsttrust Home Loans's most frequently originated type of loan was Conventional, with 302 originations. Their 2nd most popular type was USDA, with 226 originations.
Loan Reason
For 2018, Firsttrust Home Loans's most frequently cited loan purpose was Home Purchase, with 770 originations. The 2nd most popular reason was Refi, with 55 originations.
Loan Duration/Length
For 2018, Firsttrust Home Loans's most frequently cited loan duration was 30 Year, with 800 originations. The 2nd most popular length was 15 Year, with 31 originations.
Origination Fees/Closing Costs
Firsttrust Home Loans's average total fees were $4,271, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 415 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 637 | $99,885,000 | $156,805 |
| 5-6% | 183 | $25,365,000 | $138,607 |
| 3-4% | 14 | $2,660,000 | $190,000 |
| 6-7% | 7 | $765,000 | $109,286 |
During 2018, Firsttrust Home Loans's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 4-5%, with 637 originations.
Loan Sizing
2018 saw Firsttrust Home Loans place emphasis on $100k-200k loans with 441 originations, totaling $63,875,000 in origination value.
Applicant Income
Firsttrust Home Loans lent most frequently to those with incomes in the $50k or less range, with 270 originations. The second most popular income band? $50k-75k, with 267 originations.
Applicant Debt to Income Ratio
Firsttrust Home Loans lent most frequently to those with DTI ratios of 20-30%, with 190 originations. The next most common DTI ratio? 30-36%, with 163 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.58%
Firsttrust Home Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.66%
Firsttrust Home Loans has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1068.12 | 1 | $135,000 | $135,000 |
| 4995.04 | 1 | $415,000 | $415,000 |
| 850.0 | 4 | $340,000 | $85,000 |
| NA | 835 | $127,785,000 | $153,036 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 841 | $128,675,000 | $153,002 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First Home Equity Loans LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |